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• Sukut Real Properties Acquires 294k sf San Diego Area Industrial Property
9/14/18
Mira Mesa Distribution Center, a 293.8k sf, multi-building distribution park in San Diego, has been acquired by Orange County-based Sukut Real Properties. The multi-tenant industrial project is located in the heart of the Sor...
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• Escondido Industrial Building Acquired by 4S Properties – Saddleback Associates for $173/sf
9/14/18
4S Properties – Saddleback Associates, out of Orange County, has acquired a 20.8k sf industrial building in Escondido for $3.6 mil, or $173/sf. The freestanding property is located at 2063 Wineridge Place, west of I-15 and so...
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• Investor Nabs Two Encinitas Coastal Apartment Properties for $10 Mil
9/13/18
A private investor has acquired a pair of multifamily properties totaling 24 units in Encinitas for $10 mil, or $417k/unit. Located within walking distance of one another, the properties consist of two identical two-story apa...
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• Maravai LifeSciences Leases 95k sf in Sorrento Valley
9/13/18
Maravai LifeSciences inked an expansion/relocation lease for 95k sf of space within a 180k sf facility in San Diego’s Sorrento Valley area. The space will house the current local staff of more than 150 for Maravai’s TriLink B...
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• Mission Valley Office Campus Fetches $20 Mil
9/11/18
35 North, a newly-renovated, 94.7k sf multi-tenant office campus in Mission Valley, was acquired by CIF Group for $19.75 mil ($209/sf). The asset was sold by a partnership between San Diego-based Cypress Office Properties and...
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• Otay Mesa Industrial Portfolio Trades Hands
9/05/18
BKM Capital Partners has completed the acquisition of Otay Mesa Industrial Portfolio, a six-property industrial portfolio that encompasses 14 buildings totaling 703.2k sf of space in San Diego’s Otay Mesa submarket. The multi...
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• San Diego Area Creative Office Building Goes for $465/sf
9/05/18
A 1031 exchange investor paid $9.25 mil for a 19.9k sf ($465/sf), creative office building in San Diego’s Sorrento Mesa submarket. The asset was sold by Dayani Partners.
The property, situated on 1.93 acres at 5670 Oberlin D...
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• Commercial Real Estate Financing Briefs
9/04/18
NEWMARK -- Patrick Barkley and Chad Metzger with Newmark® have arranged $18.7 mil in long-term, non-recourse financing for ground floor retail at The Village at Mammoth, located in Mammoth Lakes, CA. Built in 1999, the subjec...
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• San Diego Apartment Comp Comes in at $176k/Unit
8/29/18
The Margaret Hulter Turney Trust of San Diego paid $2.5 mil for a 14-unit ($178.6k/unit) complex in the Ramona neighborhood of San Diego. The 25k sf property sits on a 14.6k sf lot located at 715 B St.
Built in 1990, the gar...
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• BofI Federal Bank Leases 160k sf at Irvine Company Properties in San Diego County
8/28/18
BofI Federal Bank has leased 160k sf at two Irvine Company properties in La Jolla UTC. The company also announced it will rebrand its name to Axos Bank come October 1.
The technology-driven financial services company will...
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• Commercial Real Estate Financing Briefs
8/23/18
CAPITAL ONE -- Capital One has provided a $178.3 mil Fannie Mae loan to refinance Anton Menlo, a 394-unit multifamily property in Menlo Park. Anton Menlo is a four-story complex situated on a 9.69-acre site. On-site amenities...
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• Class A Office Asset in San Diego’s Del Mar Heights Trades for $578/sf
8/23/18
EverWest Real Estate Partners LLC, out of Denver, has purchased DMcp, a newly-renovated, Class A creative office project totaling 74.4k sf in San Diego’s Del Mar Heights community, for $43 mil ($578/sf). The seller was an aff...
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• Carlsbad Industrial Building Sells for $175/sf
8/21/18
A fully leased 20.3k sf industrial building in Carlsbad sold for $3.545 mil, or $175/sf. The freestanding property, located at 2721 Loker Ave West, off Palomar Airport Rd, was acquired by a private investor.
2721 Loker is c...
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• CapRock Partners Picks Up 26 Acres in Sorrento Mesa for Industrial Development
8/15/18
CapRock Partners acquired a 26-acre land site in San Diego’s Sorrento Mesa submarket for development of an industrial project. Acquired from a private investor, this site will enable CapRock to provide build-to-suit solutions...
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• San Diego Apartment Building Goes for $265k/Unit
8/14/18
Winslow Family LP, a local real estate investor, purchased 4290 Mount Abernathy, a 26-unit apartment building located in the central Clairemont area of San Diego, for $6.9 mil ($265k/unit). The property is located west of I08...
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• San Diego Area Neighborhood Center Sells for $5.25 Mil
8/13/18
Ashford Retail Center, a 21.3k sf, neighborhood center in San Diego’s Clairemont submarket, sold for $5.25 mil ($246/sf). The buyer was ERE Real Estate LLC.
Ashford Retail Center sits on a 60k sf lot at 3536-3550 Ashford St,...
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• Carlsbad Office Complex Fetches $17.4 Mil
8/10/18
In a recent Carlsbad office buy, Coseo Properties Inc paid $17.4 mil for a modern, 99.8k sf ($174/sf) office complex, situated within the prestigious 560-acre Carlsbad Research business/R&D park. The “best-in-market” creative...
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• TruAmerica Multifamily and Intercontinental Real Estate Corporation Buy 527-Unit TOD Apartment Community in La Mesa
8/09/18
TruAmerica Multifamily has teamed up with Intercontinental Real Estate Corporation in the purchase of the leasehold interest in the largest transit-oriented development in San Diego County, the 527-unit Alterra & Pravada at G...
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• $10.25 Mil Buys 35-Unit La Mesa Res Property
8/09/18
In La Mesa, RM Realty paid $10.25 mil for Enclave at Lake Murray, a 35-unit ($293k/unit), newly renovated, garden-style property. The property, located at 5476 Kiowa Dr, approximately 15 minutes northeast of downtown San Dieg...
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• Admiral 2R Management Closes on Office Buys in Phoenix and San Diego
8/06/18
Admiral 2R Management LLC closed on two office property buys, acquiring The Madison office complex in Phoenix and the Balboa Executive Center office building in San Diego. These acquisitions, totaling 298k sf of space, are t...
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